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Shareholders in Fletcher Building (ASX:FBU) are set to receive reduced final and full-year dividends following a significant drop in earnings for the year ending on June 30. The decrease in earnings was anticipated due to write-downs on two troubled projects and a slight decrease in revenue, totaling $NZ8.469 billion (compared to $8.498 billion in 2021-22). […]

Stocks fell Tuesday as concern over the state of the economy – China in particular – and a decline in US banks combined to pressure Wall Street. The Dow Jones Industrial Average slid 361.24 points, or 1.02 per cent, ending at 34,946.39 and breaking a three-day positive streak. The S&P 500 pulled back by 1.16

No wage price-spiral for economists, the Reserve Bank, and business media to obsess over after the Wage Price Index for the June quarter of 2022-23 eased from the level in the three months to March. According to business groups and their media associates, the Reserve Bank’s Governor, Philip Lowe, and others, wages were supposed to

The weak final data dump for July from China’s National Bureau of Statistics easily explains why the country’s central bank popped up with a surprise rate cut, the second in three months on Tuesday. In short, the figures for retail sales, investment, and production confirm the economy has drifted towards a black hole that was

The price of gold has dropped to a five-month low due to improved expectations of a gentle economic slowdown in the US and a series of disappointing economic indicators from China. This decline brought the spot price of gold down to $1906.39 on Tuesday, the lowest it has been since 14 March. Market experts have

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses productivity. Key pointsThe last 20 years have seen a slump in productivity growth in Australia from over 2% pa to less than 1% pa. This has curtailed growth in living standards and real wages. It will adversely affect asset class returns if

15 Aug 2023 – The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth.

The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth, resulting in an annual wage growth of 3.6 per cent. This is below the projected 3.7 per cent and a decline from the 3.7 per

The Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens the argument for the Reserve Bank of Australia to maintain current interest rates without making any adjustments. The Australian dollar was trading at 64.7 US cents, down from around 64.9 cents